Definitions

Unique features

Performance Fee

It is 10% of the deposit-to-deposit margin income obtained from the borrower as a standard operating expense. A weekly reimbursement of 50% of this sum will be given to veGRV holders.

Rebates

It is a weekly distributed asset whose entries are made up of the protocol's actual revenue. The user's veGRV stake determines the compensation amount. See the link for more information.

EcoScore

It refers to the general mechanism for assessing user contributions to the protocol. See the link for more information.

veGRV (voted-escrow)

It is a voted-escrow version of the ecosystem governance token GRV that can be acquired by staking (locking up) GRV. In the ecosystem, different rewards and penalties are created according to the token's supply. See the link for more information.

Boosted GRV Rewards

If the user's APR comprises basic interest and reward interest, the boost concept will increase the reward interest (reward GRV). The coefficient is multiplied by my deposited assets and farmed. See the link for more information.

Max Boost Ratio

The combined individual boost factor for Eco Score and VP cannot be greater than 3.0x, although each can contribute up to 3.0x boost. See the link for more information.

Minimum Lock up period

It is the minimum required to keep the Green and Light Green benefits, serving as the GRV lock-up period. For instance, even if you have a high EcoGauge and are a Green user, your Ecoscore will convert to Light Green if the GRV lock-up duration is decreased to less than 3 months (12 weeks). You need to consistently increase the lock-up duration to maintain a high zone (Lock Extension).

EcoGauge ( = Deposit Ratio)

The user's veGRV amount to the claimed GRV amount is divided by the user's DR value, which establishes the user's Ecoscore. The DR number increases as the quantity of GRV claimed decreases or as GRV is locked up increases.

Lending Protocol

Supply (deposit)

It refers to the process of depositing virtual assets. Assets that have been deposited or delivered are utilized to create liquidity for lending in the money market. You get loan-to-deposit margin interest from borrowers and GRV compensation interest from the protocol in exchange for supplying liquidity.

Borrow (Loan)

It describes the process of lending each virtual asset lending pool's assets (money market). You need to offer virtual assets as security to start a loan. You may borrow up to the LTV (Loan to Value) of the collateral asset's dollar-converted value.

Utilization Rate

It refers to how much money market deposits are used as collateral for loans. More loans increase pool utilization, which results in less liquidity and higher interest rates. In this case, depositors seeking high interest rates quickly supply liquidity, which lowers the utilization rate. In contrast, low interest rates on loans lead to a rise in borrower demand and higher utilization rates.

Collateral Factor (LTV)

The percentage of the protocol's specified collateral that can be borrowed up to a certain amount in dollars is represented by this value.

Liquidation Threshold

The percentage at which a borrower's position can be considered inadequately collateralized and liquidated is indicated by this statistic. The loan will be repaid when the debt equals 80% of the value of the collateral, for instance, if the liquidation threshold for that asset is 80%.

Liquidation Penalty

When the collateral is liquidated, the borrower must pay a charge to the protocol known as the liquidation penalty. The liquidation penalty for Whitehole Finance is 10%.

Taxation

See the link for more information.

Claim Tax

It was used to increase the price of GRV in order to keep the ecosystem in a positive cycle. High Ecoscore users are exempt from paying taxes. The tax is collected when an interest claim is made, ataxesnd the majority of the GRV that is collected is burnt and given to owners of veGRV.

PPT (Price Protection Tax)

It is imposed in accordance with the user's tier if the market price of GRV decreases by a specific percentage or more as compared to the average standard price for the previous 7 days in order to avoid a dramatic decline in GRV. Higher-zoned users are exempt from paying taxes.

Withdrawal Tax

This is the charge made when withdrawing assets that have been deposited (KLAY, BTC, USDT, ETH, etc.). High Ecoscore users are exempt from paying taxes. Tax assets are instantly transferred to the rebate pool and given each week to veGRV holders.